Thomson Reuters is expanding its Canadian operations with the creation of a new technology centre in downtown Toronto, Ontario. The Toronto Technology Centre is expected to create 400 high-quality technology jobs over the next two years, with plans to grow to approximately 1,500 jobs over time.

The Toronto Technology Centre, initially located in Bremner Tower, will allow Thomson Reuters to co-locate technology talent to drive productivity, increase flexibility and encourage cross-enterprise innovation. The Toronto-Waterloo Region Corridor is one of the largest technology clusters in the world and offers a rich mix of emerging and mature technology talent and a robust pipeline of development graduates from local universities. Proximity to large and strategic customers will also enable rapid, customer-driven innovation, particularly in Toronto's fast growing fintech community.

"Canada is not only our home, it is home to an emerging ecosystem of world-class technology talent," said Jim Smith, President/CEO officer of Thomson Reuters. "Our new Technology Centre furthers our commitment to growing Canada's preeminent hub of innovation, and to building the customer-centric platforms and solutions of the future. We applaud the Canadian federal, provincial and municipal governments for making jobs, innovation and the knowledge economy a top priority and look forward to our role in supporting these initiatives.”

"Today's news is an example of how great things can happen when the public and private spheres work together – for the betterment of Canadian workers, and Canadian families," said Canadian Prime Minister Justin Trudeau.

"Ontario is creating the conditions for businesses to thrive and help create jobs for people across the province. We are delighted that Thomson Reuters selected Ontario and look forward to even more opportunities like this as we continue to invest in our highly skilled workforce and build up our innovation economy," said Ontario Premier Kathleen Wynne.

"More and more businesses like Thomson Reuters are choosing Toronto as the city to expand their footprint, embracing new technologies and new partnerships. It's good for business and it's good for our economy," said Toronto Mayor John Tory.